1. CBSTF launches COAST Cannabis Co. gummies in New Jersey. 2. These edibles are made with organic ingredients and premium cannabis oil. 3. The gummies expand The Cannabist Company's product offerings in New Jersey. 4. COAST previously experienced success with gummies in Maryland. 5. Sales will include both retail and wholesale distribution in New Jersey.
The successful launch in New Jersey could drive sales growth, similar to Maryland’s experience. Historically, product expansions often correlate with increased stock prices in the cannabis sector.
New product launches in emerging markets like New Jersey can significantly bolster CBSTF's sales and brand visibility, reflecting positively in investor sentiment.
Immediate sales from new product availability will begin impacting revenue quickly. The short-term success could encourage further market confidence.
Eight Wellness Focused Formulations Now Available at All New Jersey Cannabist Locations
The Cannabist Company Holdings Inc. (Cboe CA: CBST) (OTCQB:CBSTF) ("The Cannabist Company" or the "Company"), one of the most experienced cultivators, manufacturers and retailers of cannabis products in the U.S., announced today the launch of COAST Cannabis Co. gummies in New Jersey. This launch follows the successful introduction of COAST products in Maryland and represents the continued expansion of the partnership between The Cannabist Company and COAST Cannabis Co. ("COAST"), a woman-owned and led cannabis edibles company.
The Cannabist Company is producing COAST edibles at its Vineland, New Jersey manufacturing facility using the Company's premium cannabis oil and COAST's proprietary formulations and ingredient standards. The gummies are now on shelves at Cannabist locations in Deptford, Mays Landing, and Vineland.
New Jersey adult-use consumers and medical patients now have access to COAST's full gummy lineup, including Energy (Raspberry Lime), Balance (Tangerine), Relax (Peach and Cherry), Recovery (Boysenberry), Sleep (Cranberry Pomegranate), Sleep & Recovery (Blueberry), and Deep Sleep (Goodnight Grape). Each variety is crafted with organic ingredients and contains no artificial flavors, colors, or high-fructose corn syrup.
"COAST has been absolutely crushing it since we brought them to Maryland, and I couldn't be more excited to get them into New Jersey," said Jesse Channon, President of The Cannabist Company. "We're giving New Jersey customers access to some of the best edibles out there - products that are made the right way with real ingredients. We're excited to keep this partnership rolling."
COAST Cannabis Co. has built a reputation as a leading edibles manufacturer since launching in Massachusetts in 2017, consistently ranking among the top brands in the state with a focus on organic ingredients, ethical sourcing, and formulations designed for specific wellness goals.
"New Jersey has such an incredible cannabis community, and we can't wait for them to experience what we're all about," said Angela Brown, Co-Founder and CEO of COAST Cannabis Co. "We started COAST to make products we'd be proud to put into our own bodies by using clean ingredients, no junk, and effects-based formulations people can count on. Partnering with The Cannabist Company means we can deliver exactly that to New Jersey."
COAST gummies are now available at Cannabist dispensary locations throughout New Jersey and will also be distributed through wholesale channels in the state. To find the nearest Cannabist Company dispensary carrying COAST products, visit cannabistcompany.com/locations.
About The Cannabist Company (f/k/a Columbia Care)
The Cannabist Company, formerly known as Columbia Care, is one of the most experienced cultivators, manufacturers and providers of cannabis products and related services, with licenses in 12 U.S. jurisdictions. The Company operates 77 facilities including 61 dispensaries and 16 cultivation and manufacturing facilities, including those under development. Columbia Care, now The Cannabist Company, is one of the original multi-state providers of cannabis in the U.S. and now delivers industry-leading products and services to both the medical and adult-use markets. In 2021, the Company launched Cannabist, its retail brand, creating a national dispensary network that leverages proprietary technology platforms. The company offers products spanning flower, edibles, oils and tablets, and manufactures popular brands including Seed & Strain, Triple Seven, Hedy, gLeaf, Classix, Press, and Amber. For more information, please visit www.cannabistcompany.com.
About COAST Cannabis Co.
COAST Cannabis Co. crafts gummies and chocolates using high quality, organic & all-natural ingredients with no artificial flavors or coloring, and prioritizes fair trade and ethically sourced inputs. The company's mission is to help people feel their best with clean, thoughtfully formulated products.
Caution Concerning Forward-Looking Statements
This press release contains certain statements that constitute "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws and reflect the Company's current expectations regarding future events. Forward-looking statements or information contained in this release include, but are not limited to, statements or information with respect to the Company's ability to execute on the Pennsylvania Transaction and on its repositioning to a wholesale strategy in Pennsylvania. These forward-looking statements or information, which although considered reasonable by the Company, may prove to be incorrect and are subject to known and unknown risks and uncertainties that may cause actual results, performance or achievements of the Company to be materially different from those expressed or implied by any forward-looking information. In addition, security holders should review the risk factors discussed under "Risk Factors" in Columbia Care's Form 10-K for the year ended December 31, 2024, as filed with Canadian and U.S. securities regulatory authorities and described from time to time in subsequent documents filed with applicable securities regulatory authorities.
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